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Schaub gets $17.5 million to sign, $29.5 million over two years

Houston Texans coach Gary Kubiak talks with quarterback Matt Schaub on the sideline during the first half of their NFL football game against the Miami Dolphins in Houston Reuters

When the Texans announced after the season-opening win against the Dolphins that quarterback Matt Schaub has signed a new four-year contract extension, many (as in we) wondered whether and to what extent the Texans had protected themselves against Schaub’s actual or perceived propensity for injury.

The answer, apparently, is not much.

Per a source with knowledge of the deal, Schaub received $17.5 million to sign.  He’ll also receive a base salary of $4.4 million in 2012, a fully guaranteed base salary of $7.25 million in 2013, a base salary of $10 million in 2014, a base salary of $12.5 million in 2015, and a base salary of $14.5 million in 2016.

It works out to $66.15 million over five years.  With, as a practical matter, $29.15 million guaranteed.

Factoring in the $7.15 million base salary Schaub already was due to earn, it works out to $59 million in new money on the four new years of the deal, an average of $14.75 million per year.

The clearest protection against injury comes from $1 million per year in per-game roster bonuses, spread over 2014 through 2016.  That’s on top of the $59 million in new money, pushing it to a total of $62 million.

So it’s a two-year, $29.15 million deal, with a year-to-year option on the rest.

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19 Responses to “Schaub gets $17.5 million to sign, $29.5 million over two years”
  1. eaglesw00t says: Sep 10, 2012 3:51 PM

    Youch

    I guess the good thing for the Texans is that they didnt give him a 5-6 year deal.

    But…given the way QB salaries have gone, they may as well have given him a Vick-type deal, where he can be cut after 2 years with minimal cap hit.

    In the last couple of seasons, QB salaries have skyrocketed. No way half the guys at QB should be making what they are.

  2. bennyb82 says: Sep 10, 2012 3:51 PM

    Wow that is a lot of money for being a game manager…

  3. rickastleydancemoves says: Sep 10, 2012 3:52 PM

    Matt Schaub’s arm strength is comparable to a pop gun.

  4. succulentnipples says: Sep 10, 2012 3:56 PM

    Guy got paid.

  5. steelers4385 says: Sep 10, 2012 4:10 PM

    Not if they saw his fantasy points he wouldnt have got it

  6. scfr44 says: Sep 10, 2012 4:22 PM

    Hard to belive he was drafted to back up Vick in ATL. Kirk Cousins anyone?

  7. kattykathy says: Sep 10, 2012 4:27 PM

    Good deal for the team. In a few months he will be QB with a Super Bowl championship on his resume. His value will rise considerably, but the team locked him up early at a discount.

  8. lorddarkhelmet says: Sep 10, 2012 4:31 PM

    I’d say that’s right these days for a starting qb. He is more than a game manager, he is a very good qb. His biggest problem has been injuries (to himself and his o-line)

  9. theirishtexan says: Sep 10, 2012 4:31 PM

    Schaub is more than a game manager. He’s not elite but he can put up big numbers when necessary.

  10. playin2x says: Sep 10, 2012 4:48 PM

    Nobody can say the texans are a cheap team .. Very generous deal for Schaub .. Good for both sides barring an injury

  11. 4thquartermagic says: Sep 10, 2012 5:15 PM

    Texans are a good (borderline great) team if it were not for un-timely injuries.

    Schaub, AJ, and Super Mario a few years back if what has kept them from taking the step to elite.

    The defense is legit and the offense is potent.

    If they can avoid the injury bug to key positions they’ll win their division.

  12. tdubdizzle says: Sep 10, 2012 5:16 PM

    Too much for a good quarterback. Key word there good, not great.

  13. gojags says: Sep 10, 2012 5:25 PM

    I only wish this dooms this franchise with the salary cap and so forth, just like what Jags went through in 1999. Schaub not able to perform to the contract and Texans could not sign Freeagents and so on.

    Then again the Andrew Luck era will begin to dominate the AFC south.

  14. joe1816 says: Sep 10, 2012 5:31 PM

    @bennyb82

    Don’t know too many “game managers” who have led the league in passing.

  15. dodirty12 says: Sep 10, 2012 5:31 PM

    That’s A lot Of Money For An Average QB With A 32 and 32 Record.

  16. chesslungo says: Sep 10, 2012 5:39 PM

    Alot of money for somebody whose never played in a playoff game

  17. weepingjebus says: Sep 10, 2012 6:29 PM

    I think any player with brains or a good accountant should be trying to lock in a new deal ASAP, given the 50/50 odds there’ll be a massive tax increase in the near future.

  18. bennyb82 says: Sep 10, 2012 6:53 PM

    Okay maybe he is more than a game manager, but the amount of money in that deal implies that he is an elite quarterback…and there are a lot of better qbs who make less. That is not his fault at all…

  19. lorddarkhelmet says: Sep 10, 2012 7:33 PM

    @benny the going rate for an elite QB is somewhere around $20 mill/yr on average. This deal is a pretty good amount less than that. While I wouldn’t say the Texans got a bargain, they didn’t make out too bad.

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